What is the difference between a 401(k)&a 403b?

Answer Two types of retirement plans offered by some employers include 401k and 403b plans. Though they both offer tax-deferred savings, they have important differences.EligibilityFor-profit corporations ... Read More »

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Difference Between 403b & 401k Retirement Plans?

Both 401k and 403b plans are employer-sponsored, tax-deferred retirement plans. Both allow employees to make tax-deductible contributions to their retirement funds. The major difference is that onl... Read More »

How much can I contribute to a SEP-IRA and a 403b?

On One Hand: Annual Contribution LimitsThe Internal Revenue Service limits the amount that you can contribute annually to an SEP IRA and to a 403b plan. These amounts adjust each year for inflation... Read More »

403B Benefits?

A 403B, also known as a tax sheltered annuity, is a beneficial way to save for retirement. This type of retirement account is available to employees of tax-exempt organizations, public school syst... Read More »

Can you roll a 401(k) into a 403b?

On One Hand: IRS Rules Permit ItBoth 401k plans and 403b plans are qualified, tax-deferred retirement plans under the rules of the Internal Revenue Service. Therefore, you are allowed to roll over ... Read More »